Evans Bancorp Inc. (NYSEAMERICAN:EVBN) Director Robert G. Miller, Jr. Sells 1,411 Shares

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Evans Bancorp Inc. (NYSEAMERICAN:EVBN) Director Robert G. Miller, Jr. sold 1,411 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $40.01, for a total value of $56,454.11. Following the completion of the sale, the director now owns 73,179 shares of the company’s stock, valued at $2,927,891.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSEAMERICAN:EVBN opened at $39.39 on Friday. Evans Bancorp Inc. has a twelve month low of $32.65 and a twelve month high of $41.75.

Evans Bancorp (NYSEAMERICAN:EVBN) last released its earnings results on Thursday, January 30th. The bank reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. The business had revenue of $16.06 million for the quarter.

The company also recently declared a semi-annual dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 12th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a dividend yield of 2.6%. This is a positive change from Evans Bancorp’s previous semi-annual dividend of $0.52.

Separately, Hovde Group upgraded Evans Bancorp from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $41.00 to $43.00 in a research report on Thursday, February 6th.

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Evans Bancorp by 9.0% during the fourth quarter. Geode Capital Management LLC now owns 51,353 shares of the bank’s stock valued at $2,059,000 after buying an additional 4,244 shares during the period. PL Capital Advisors LLC purchased a new position in shares of Evans Bancorp during the fourth quarter valued at $12,463,000. Bank of America Corp DE increased its stake in shares of Evans Bancorp by 44.0% during the fourth quarter. Bank of America Corp DE now owns 4,986 shares of the bank’s stock valued at $199,000 after buying an additional 1,524 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Evans Bancorp by 65.0% during the fourth quarter. Bank of New York Mellon Corp now owns 33,231 shares of the bank’s stock valued at $1,333,000 after buying an additional 13,090 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Evans Bancorp by 18.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 14,857 shares of the bank’s stock valued at $596,000 after buying an additional 2,336 shares during the period.

Evans Bancorp Company Profile

Evans Bancorp, Inc offers banking products and services. The company offers demand deposits and interest and non-interest bearing time and savings deposits. The company's deposits include jumbo deposits and retail time deposits. The bank provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.

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